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Results 2Q 2020

Results

28 July 2020

Bankia earns 142 million euros in the first half, after setting aside 310 million euros of extraordinary provisions for Covid-19

  • Capital strength allows the bank to record extraordinary provisions of 185 million euros in the second quarter
  • On a fully loaded basis, including regulatory easing measures, the CET1 ratio is 13.95%, representing capital generation of 100 basis points in just three months
  • José Ignacio Goirigolzarri, Bankia chairman: “The pandemic has had an impact on our results, but we still succeeded in increasing our capital ratios in a very complex quarter. Already we are approaching a capital ratio of 14%, which means we remain the clear leader among the large Spanish banks”
  • José Sevilla, CEO; “We are starting the second half with an income statement that shows growing revenue, improved NPL and NPA ratios and a significant increase in solvency, which allows us to be optimistic about Bankia’s performance over financial year 2020 as a whole”
  • Bankia has granted its customers 4,080 million euros in mortgage moratoria and 330 million euros in consumer finance solutions
  • The volume of ICO-backed credit granted by the institution has reached 7,450 million euros, representing 18% of the total loans to corporates & SMEs granted in the first half
  • New mortgage lending grew to 1,461 million euros in the half-year, the best results being posted in June, with new loans totalling 308 million euros
  • The NPL ratio stands at 4.86%, down 18 basis points compared to the end of 2019, while the coverage ratio is up 1.6 percentage points at 55.6%
  • Compared to the first quarter of this year, net interest income is up 1.3%, fee and commission income up 5.8%, operating expenses down 7.1% and core earnings up 19.6%

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  • Infographic results 2Q 2020 Bankia
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  • Bankia's CEO, José Sevilla, and Bankia's Deputy General Director of Financial Management, Leopoldo Alvear.
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  • 2Q 2020 Results presentation
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  • Bankia's CEO, José Sevilla, and Bankia's Deputy General Director of Financial Management, Leopoldo Alvear.
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  • Bankia's CEO, José Sevilla.
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  • Bankia's Deputy General Director of Financial Management, Leopoldo Alvear; Bankia's CEO, José Sevilla and General Director of Communication and External Relations Bankia's, Amalia Blanco.
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  • Bankia's Deputy General Director of Financial Management, Leopoldo Alvear; Bankia's CEO, José Sevilla and General Director of Communication and External Relations Bankia's, Amalia Blanco.
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  • 2Q 2020 Results presentation
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  • Bankia's Deputy General Director of Financial Management, Leopoldo Alvear.
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  • 2Q 2020 Results presentation.
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  • 2Q 2020 Results presentation.
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  • 2Q 2020 Results presentation.
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